Bitcoin oscillates between institutional moves and market volatility—here are the latest developments:

Texas launches Bitcoin reserves on (December 7, 2025)—becoming the first US state to officially include BTC in its strategic reserves.
K33’s December forecast: Recovery expected on (December 7, 2025)—analysts note selling pressure has eased and macroeconomic factors provide support.
BTC falls below the $90 000 support level on (December 7, 2025)—technical breakdown triggers mass liquidations during ETF outflows.
Details
1. Texas launches Bitcoin reserves on (December 7, 2025)
Overview: Texas passed Senate Bill 21, establishing a state-level Bitcoin reserve and incorporating BTC purchases into the state's fiscal strategy. This aligns with regulatory changes initiated during the Trump administration, supporting crypto infrastructure development. Texas sets an example for other states. In addition, Monet Bank (a bank associated with Trump-era policies) has shifted to a crypto-focused approach, indicating further convergence of policy and finance.
Implications: Bitcoin is officially recognized as a reserve asset, further confirming its role in public finance. This could encourage other states to follow suit and boost long-term demand, though custody and volatility management risks remain. (Yahoo Finance)

2. K33’s December forecast: Recovery expected on (December 7, 2025)
Overview: Research firm K33 Research predicts a high probability of BTC growth in December, based on factors like low leverage, support in the $70 000–$80 000 range, and seasonal trends. Analysts believe recent weakness is linked to ETF outflows and declining CME activity, but consider these factors temporary.
Implications: If ETF outflows stabilize and the macro environment improves (for example, via Federal Reserve liquidity tools), BTC could return above $90 000. However, if ETF outflows persist or new regulatory constraints emerge, recovery could be delayed. (CoinMarketCap)

3. BTC falls below the $90 000 support level on (December 7, 2025)
Overview: Bitcoin dropped to $89 977, falling below the key psychological threshold of $90 000 as ETF outflows, profit-taking, and stop-loss triggers came into play. Exchange BTC reserves surged 16% in a single day, reflecting retail panic.
Implications: If the price stays below $90 000 for an extended period, the $85 000–$88 000 range could be tested for support. However, if whales continue accumulating (i.e., large outflows from exchanges), a shift in market sentiment could signal a reversal. (CoinMarketCap)

Conclusion
The Bitcoin narrative swings between institutional adoption in Texas and retail-driven volatility. Closely watch ETF flow changes and Federal Reserve decisions—can macroeconomic factors offset short-term technical pressures? #美联储降息预测